SOPHTALMO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SOPHTALMO
Largest movements
- Current investments +€99,651
new in 2025: €99,651
- Cash +€49,885
up €49,885 (+8.3%), from €597,457 to €647,342
mainly Net result for the year (+€187,645) and Tax, wage and social debts (+€11,576)
- Receivables within one year +€42,529
up €42,529 (+31.4%), from €135,607 to €178,136
of which Other amounts receivable: +€44,993
- Deferred charges and accrued income +€17,859
up €17,859 (+41.2%), from €43,310 to €61,169
- Reserves +€187,645
up €187,645 (+28.4%), from €660,731 to €848,376
of which Distributable reserves: +€187,645
- Tax, wage and social debts +€11,576
up €11,576 (+44.0%), from €26,310 to €37,886
- Gross operating margin -€11,530
down €11,530 (-4.1%), from €281,978 to €270,448
- Taxes -€3,789
down €3,789 (-4.4%), from €85,976 to €82,187
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €896,239 | €1,093,503 | +€197,264 | +22.0% |
| Fixed assets | 21/28 | €32,235 | €25,521 | -€6,714 | -20.8% |
| Tangible fixed assets | 22/27 | €32,235 | €25,521 | -€6,714 | -20.8% |
| Plant, machinery and equipment | 23 | €1,099 | €227 | -€872 | -79.4% |
| Furniture and vehicles | 24 | €5,133 | €4,259 | -€874 | -17.0% |
| Other tangible fixed assets | 26 | €26,004 | €21,036 | -€4,968 | -19.1% |
| Current assets | 29/58 | €864,004 | €1,067,982 | +€203,978 | +23.6% |
| Amounts receivable after more than one year | 29 | €87,630 | €81,683 | -€5,947 | -6.8% |
| Other amounts receivable | 291 | €87,630 | €81,683 | -€5,947 | -6.8% |
| Amounts receivable within one year | 40/41 | €135,607 | €178,136 | +€42,529 | +31.4% |
| Trade receivables | 40 | €3,712 | €1,248 | -€2,464 | -66.4% |
| Other amounts receivable | 41 | €131,895 | €176,888 | +€44,993 | +34.1% |
| Current investments | 50/53 | - | €99,651 | +€99,651 | |
| Cash at bank and in hand | 54/58 | €597,457 | €647,342 | +€49,885 | +8.3% |
| Deferred charges and accrued income | 490/1 | €43,310 | €61,169 | +€17,859 | +41.2% |
| Total equity and liabilities | 10/49 | €896,239 | €1,093,503 | +€197,264 | +22.0% |
| Equity | 10/15 | €866,931 | €1,054,576 | +€187,645 | +21.6% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €660,731 | €848,376 | +€187,645 | +28.4% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €648,871 | €836,516 | +€187,645 | +28.9% |
| Profit (loss) carried forward | 14 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €29,309 | €38,927 | +€9,618 | +32.8% |
| Amounts payable within one year | 42/48 | €29,309 | €38,927 | +€9,618 | +32.8% |
| Trade debts | 44 | €2,998 | €1,040 | -€1,958 | -65.3% |
| Suppliers | 440/4 | €2,998 | €1,040 | -€1,958 | -65.3% |
| Taxes, remuneration and social security | 45 | €26,310 | €37,886 | +€11,576 | +44.0% |
| Taxes | 450/3 | €26,310 | €37,886 | +€11,576 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,156 | €8,343 | +€187 | +2.3% |
| Other operating charges | 640/8 | €603 | €1,223 | +€620 | +103% |
| Gross operating margin | 9900 | €281,978 | €270,448 | -€11,530 | -4.1% |
| Operating profit (loss) | 9901 | €273,219 | €260,882 | -€12,337 | -4.5% |
| Financial income | 75/76B | €8,397 | €10,278 | +€1,881 | +22.4% |
| Recurring financial income | 75 | €8,397 | €10,278 | +€1,881 | +22.4% |
| Financial charges | 65/66B | €163 | €1,328 | +€1,165 | +716% |
| Recurring financial charges | 65 | €163 | €1,328 | +€1,165 | +716% |
| Profit (loss) for the period before taxes | 9903 | €281,452 | €269,832 | -€11,620 | -4.1% |
| Income taxes | 67/77 | €85,976 | €82,187 | -€3,789 | -4.4% |
| Profit (loss) for the period | 9904 | €195,476 | €187,645 | -€7,831 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €195,476 | €187,645 | -€7,831 | -4.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.